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Asian markets end mostly lower on Wednesday

17 Aug 2016 Evaluate

Asian equity markets ended mostly lower on Wednesday, as oil prices retreated in Asian deals on doubts over potential OPEC action to support prices amid a supply glut. Chinese shares ended lower showing little reaction to the formal announcement of a long-awaited stock trading link between Shenzhen and Hong Kong. Chinese authorities on Tuesday approved the launch of the stock trading link between Hong Kong and Shenzhen, the tech-heavy bourse. But, the market reaction was calm as the approval had been expected. The Indonesian market was closed for Independence Day. While, Japanese stocks bounced after sliding the previous day, though the recovery was contained by a backdrop of cautious trading after hawkish comments from US Federal Reserve officials sent the yen to a seven-week high.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,109.55

-0.48

-0.02

Hang Seng

22,799.78

-111.06

-0.48

Jakarta Composite

-

-

-

KLSE Composite

1,694.32

-5.57

-0.33

Nikkei 225

16,745.64

149.13

0.90

Straits Times

2,843.35

-15.45

-0.54

KOSPI Composite

2,043.75

-4.01

-0.20

Taiwan Weighted

9,117.70

7.34

0.08

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